💧 XRP LOST SUPPORT AT $1.28-$1.31, AND THE MARKET IS WONDERING WHETHER $1.00 WILL HOLD
XRP is trading at $1.04, down more than 17% from its post-election rally. XRP spot ETFs recorded $18 million in net outflows in just two days (November 9 and 10).
Trader Nebraskangooner was blunt: “XRP is a great example of when NOT to buy. When key support breaks, cheaper prices aren’t always a positive discount. Often, the worst time to buy is after losing a key level, because that’s when sellers take control.”
The critical level now is $1.00. If it holds and the price recovers to $1.07-$1.10, there’s room for a technical rebound. If it loses $1.00, the market will keep confirming that cheap doesn’t mean worth buying.
Are you going to catch the falling knife or wait for the price to give you a real signal?
Click here to trade 👉🏻 $XRP
XRP is trading at $1.04, down more than 17% from its post-election rally. XRP spot ETFs recorded $18 million in net outflows in just two days (November 9 and 10).
Trader Nebraskangooner was blunt: “XRP is a great example of when NOT to buy. When key support breaks, cheaper prices aren’t always a positive discount. Often, the worst time to buy is after losing a key level, because that’s when sellers take control.”
The critical level now is $1.00. If it holds and the price recovers to $1.07-$1.10, there’s room for a technical rebound. If it loses $1.00, the market will keep confirming that cheap doesn’t mean worth buying.
Are you going to catch the falling knife or wait for the price to give you a real signal?
Click here to trade 👉🏻 $XRP